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PENGARUH KEBIJAKAN DIVIDEN, KEBIJAKAN HUTANG, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Kasus Pada Perusahaan Manufaktur Sektor Aneka Industri yang Terdaftar di BEI Periode 2015-2017) Siti Nur Laelatul Rohmah; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol.08 No. 07 Agustus 2109
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACT               The purpose of this study was to determine the effect of dividend policy, debt policy, and company size on the value of the company in various industrial manufacturing companies. The independent variables in this study are dividend policy, debt policy, and firm size, while the dependent variable in this study is firm value. The type of research used is empirical research with the data used, namely secondary data obtained by searching and collecting annual report data obtained from the website www.idx.com. The population in this study is the various industrial sector manufacturing companies listed on the Indonesia Stock Exchange in the period 2015-2017 with a total of 43 companies. The sample selection technique in this study was using purposive sampling, so that a sample of 16 companies was obtained. To solve the problem in this study, using the research method of multiple regression analysis. The results of data analysis show that: There is a positive influence on the dividend policy variable on firm value while the debt policy and company size have a negative effect on Company Value in various industrial sector manufacturing companies. Keywords: Dividend Policy, Debt Policy, and Company Size Against Company Values
Pengaruh Kepemimpinan Manajerial, Leverage, Return On Asset Terhadap Kebijakan Dividen (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2016-2018) Deby Nofianti Pratiwi; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 9 No. 02 Februari 2020
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThis objectives of this research are: 1) To understand and analyze the influence of the Good Corporate Governance (GCG) towards the dividend policy in the manufacturing of the consumption goods sector. 2) To understand and analyze the influence of the Leverage (DER) towards dividend policy in the manufacturing of the consumption goods sector. 3) To understand and analyze the influence of the Return On Asset (ROA) towards dividend policy in the manufacturing of the consumption goods sector. The method used on this research is explanation. The data used are secondary data, obtained by documentation technique, which obtained by finding and collecting annual report data gained from websites. The object of this research are consumption goods manufacturing companies which are listed on the Indonesia Stock Exchange 2016-2018 periode, in the total 29 companies. The sampling selection used purposive sampling techniques, that in the end we got 15 companies.To solve the problem in this study, using the normality test, the classic assumption test, multiple linear regression test and hypothesis testing. The results of the data analysis show that: There is a significant positive effect on Leverage, Return On Assets on dividend policy in the Manufacturing companies in the goods and consumption sector while Good Corporate Governance has a significant negative effect on dividend policies in the goods and consumption sectors listed on the IDX.Key words: Good Corporate Governance, Leverage, Return On Asset, Dividend Policy.
Pengaruh Literasi Keuangan Dan Pengelolaan Keuangan Terhadap Kinerja Keuangan Pada Umkm Kota Malang Ida Ardila Syafitri Rumain; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 10 No. 08 Februari 2021
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract This research was conducted at UMKM in Malang City. This study aims to examine the effect of financial literacy and financial management on financial performance of UMKM in Malang. The variables used are financial literacy and financial management as independent variables, while financial performance is the dependent variable. This type of research is explanatory research. The research method used in this research is a questionnaire. The tool used for data analysis in this study was to use a software application in the form of SPSS. The analysis used includes instrument testing, normality test, classical assumption test, multiple linear regression analysis, the coefficient of determination and hypothesis testing. The results showed that financial literacy and financial management had a significant effect on the financial performance of UMKM in Malang. The results of the study using the F test indicate that financial literacy and financial management simultaneously affect the financial performance of UMKM in Malang.Keywords: Financial Literacy, Financial Management and Financial Performance.
ANALISIS PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN (Studi Kasus Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2016) Izzatin Nayli; Ronny Malavia Mardani
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 7 No. 14 Agustus 2018
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract This reseach aims to determine the influence of Good Corporate Governance on Banking Firm Value listed Indonesian Stock Exchange in the year 2014-2016. The population in this research is Banking Company listed on Indonesian Stock Exchange in period 2014-2016 as many as 43 companies. The sample in this research purposive sampling method as many as 32 companies.Data analysis method used is Goodness Of Fit test to show the influence of independent variable to dependent variable, with classical assumption test. From the result of this study shows that the Board size (BS) and Board Of Independent Commissioners (INDP) not significant to Firm Value. But CEO Duality (CD) have a significant influence on Firm Value.Keywords: Board Size (BS), Board Of Independent Commissioners (INDP), CEO Duality (CD) and Firm Value.
Pengaruh Struktur Kepemilikan Institusional, Keputusan Pendanaan Dan Kebijakan Hutang Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2019 (Studi kasus terhadap Perusahaan Manufaktur Sektor Proprti Real Estate & Konstruksi dan Keuangan) M. Umar Izzul Chaq; Ronny Malavia Mardani; Eris Dianawati
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 10 No. 13 Agustus 2021
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract This study aims to determine the effect of institutional ownership, funding decisions and debt policies on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2019 (Case study of manufacturing companies in the real estate & construction and financial property sectors). This sampling method was purposive sampling and obtained 49 samples that met the criteria from 170 companies that were observed. Technical analysis of this research data is descriptive statistics. The results of this study indicate that the influence of institutional ownership structure as measured by the number of shares of institutional parties divided by total outstanding shares, funding decisions are measured by LDR (Long Term To Debt Ratio) and debt policy is measured by DER (Debt To Equity Ratio) shows that there is no significant effect on firm value as measured by PBV (Price Book Value). Keywords : Institutional Ownership, Funding Decisions, Debt Policies 
PENGARUH LIKUIDITAS LEVERAGE DAN PROFITABILITAS TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN TRANSPORTASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2011-2015 Maya Dewi Suprobo; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen e-Jrm Vol. 06 No. 08 Agustus 2017
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract This research purposed to analyze the effect of liquidity (current ratio), leverage (debt to asset ratio) and profitability (return on assets) to financial distress on transportation company listed in Indonesia Stock Exchange (IDX) 2011-2015. This research data used secondary data that getting from financial report of transportation company listed in Indonesia Stock Exchange (BEI). The total of sample 110 transportation company. The method of research is logistic regression with the program SPSS 14. The results of this research showed that regression coefficient of current ratio variable was -0,295; regression coeffisient of debt to asset ratio was 3,086 and; regression coefficient return on assets variabel was -1,988, it means liquidity ratio (current ratio) and profitability (return on assets) negatively affected to condition of company financial distress and leverage ratio positively affected to condition of company financial distress.Keywords: liquidity (current ratio), leverage (debt to asset ratio) profitability(return on asset), financial distress
PENGARUH FREE CASH FLOW, PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2014-2016 Rawiyatul Hasana; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 7 No. 12 Agustus 2018
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThere is always a conflict between shareholders and management within the company, namely in making decisions to distribute dividends to shareholders. It is necessary to pay attention to several factors that can influence the dividend distribution policy. Ratio analysis can be used as an alternative to test these factors. This study aims to determine how much factors Free Cash Flow (FCF), Profitability (ROI), Liquidity (CR), and Leverage (DER) affect the Dividend Policy (DPR). The sample in this study consisted of 12 food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2014-2016 period. The sample in this study uses purposive sampling method. The analytical tool used in this study is multiple linear regression. Based on the results of the study showed that the variable Free cash flow and profitability had a negative effect not significant on dividend policy, while liquidity and leverage had a significant positive effect on dividend policy. Keywords: Free Cash Flow, Profitability, Liquidity, Leverage and Dividend policy
PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PROPERTI DI BURSA EFEK INDONESIA Rennia Sofi Dia Anugra Heni; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 08 No. 03 Agustus 2019
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTMaximizing enterprise value is one of the company's goals that can be achieved through the financial management functions. In this case, one financial decision will influence other financial decisions and have an impact on the enterprise value.  This study aims to measure the impact of investment decisions, funding decisions and dividend policies on property companies listed on the Indonesia Stock Exchange (IDX) for the period 2016-2018 with the selection of samples using purposive sampling technique. Based on several tests on 57 samples obtained, by using normality test, autocorrelation test, heteroskidasticity test and multiple linear regression test, concluded that investment decisions and funding decisions have a significant positive effect on the enterprise value. While the dividend policy has a negative effect that is not significant on the enterprise value.
PENGARUH KEPUTUSAN INVESTASI DAN KEPUTUSAN PENDANAAN TERHADAP NILAI PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2017) Erin Mastura; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 8 No. 20 Agustus 2019
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThe purpose of this research is to know the influence of investment decisions and funding decisions on the company's value in the manufacturing company sub-sector of food and beverage listed on the Indonesia Stock Exchange in 2015-2017, which is as much as 18 companies. Selection of samples using purposive sampling where samples were taken based on certain criteria, thus obtained as many as 16 food and beverage manufacturing companies listed on the Indonesia Stock Exchange in 2015-2017. The data analysis techniques in this study used the normality test, classic assumption test, multiple linear regression tests and hypotheses testing. Measuring instrument used to measure investment decision is Price Earning Ratio (PER), for funding decision is Debt to Equity Ratio (DER), and for company value is Price to book value (PBV). The results of this study show that the investment decisions positively and significantly affect the value of the company and the funding decisions are negatively and insignificant to the value of the company. Keywords: investment decisions, funding decisions, and corporate values
Analisis Rasio Keuangan Terhadap Financial Distress (Pada Perusahaan Perbankan Yang Listing Di BEI Periode Tahun 2014-2016) Nilna Izza Amalia; Ronny Malavia Mardani
E-JRM : Elektronik Jurnal Riset Manajemen ejrm Vol. 7 No. 9 Agustus 2018
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThis research aims to determine the influence of financial ratios to financial distress on banking companies listing on the BEI period 2014-2016. As for variable used in this research that is variable CAR (Capital Adequacy Ratio), NPL (Non Performing Loan), ROA (Return On Asset), ROE (Return On Equity), LDR (Loan to Deposit Ratio) and BOPO (Operating Expenses to Operating Income. In this research using logistic regression test with the result variable CAR, ROE and LDR have a negative influence on financial distress, while the variables NPL, ROA, and BOPO have a positive influence. In this test are obtained value of chi-square of 9,807 with a significant level of 0,279.Keywords: Financial Ratios, Financial Distress, Logistic Regression
Co-Authors Abd. Wafi Abdul Majid Abdul Majid Abdullah Syakur Novianto Abidin, Zeinal ABS, M Khoirul Ach Taufiqur Rohman Achmad Agus Priyono Adnan Abdul Khobir Afi Rachmat Slamet Agus Salim Agus Salim Ahmad Rifai Ainun Ulumiah Nursa Aisyah Rokhma Aisyah, Widya Nur Al- mar’atus Sholikhah Aleria Irma Hatneny Alfian Budi Primanto Alif Adi Prasetyawan Alifia Nuraini Alitakupenda, Dwitaria Alvin Hidayatullah Amanah, Firnandya Amelia Monica Ningrum Amin, Muhammad Sirojuddin Aminatun Nasukha Aminatuz Zuhriyah Aminuyati Amiril Mustofa Ana Indriyani Ana Roikhatul Zannah Anak Agung Gede Sugianthara Anan, Nurun Nadiva Salsabila Andi Normaladewi Anggraeni, Dwi Adela Anggraini, Tasya Meylina Ari Anita Laelatul Khomsatun Any Tafriha Ferriyanti Aprilianto Aprilianto Aprillia Nur Choiriah Arini Fitria Mustapita Arsyianto, M. Tody Asih Masita Asmiyati Atapuka Auliyah Palupi Putri Indra Sari Ayu Trisnawati Ayu Yossita Candra Octaviana Ayu Yulita Putri Ayunani, Sabrina Azizah, Nur Rosyda Dhiya’ul Azizah, Umul Balqish, Alya Tamara Basalamah , Muhammad Ridwan Basalamah, Muhammad Ridwan Bastomi, Mohamad Bastomi, Mohammad Bayu, Juli Adriano Budi Wahono Celmia Celmia Chika Deva Ciptadi Cicik Marianti Citra Damayani Prayogiyanto Citra Nurul Hidayati Danang Laksono Deasy Dwi Komaini Deby Nofianti Pratiwi DEVI TRIANINGSIH Dewi Cahya Putri Dewi Nurhidayah Diah Wahyuning Tyas Diajeng Kusuma Wardani Dian Aulia Fitri Dian Savitri Dinda Nur Afifah Distha Anggrainingrum Dwi Agustina Ega Aditya Eka Indah Wahyu Eka Wahyu Ningrum Ekiq Arifaturini Elfina Rahmania Elysa Anggun Fradini Endah Setya Rahayu Erin Mastura Erindia Cember Eris Dianawati Esti Dewi Purwati Etty Saraswati Eva Susanti Eva Zulaikha Fahimatuz Zainul Laila Fahma Lintang Nabila Fahmi Faizal Izmy Fahrurrozi Rahman Fairoh Aida Qothrun Nada Fajjar Mustofa Farah Zairina Faris Fardani FATIMAH FATIMAH Fatimatuz Zahro Fatmawati, Yenni Diah Fatus All Anati Fauziyatul Uffah Fayi’ Hilmy Musyafiq Febbyola, Risa Febriani, Rezki Febi Filzah Gaissani Fina Hikmatul Insaniyah Fiona Putri Dyah Pancari Fita Dwi Hariyati Fitri Anggriani Fitriani, Nur Afika Gandung Fitra Pambudi Griselda Putri Vania Florence Hafidzul Ulum Halimah, Faridatul Hanik Latifah Helma Rizqikah Amir Hendra Bagus Yulipratama Himmatussuhra Himmatussuhra Ida Ardila Syafitri Rumain Ihza Manggara, Yusrik Iin Cahyaningsih Ike Nur Wahyuni Ike Wulandari Ilham Wahyudiarso Indah Handayani Indah Ramadhani Irma Lina Fadila Husna Putri Isa Agid Wibisana Ita Athia Izhatul Ulia Izzatin Nayli Jannah, Shofiratul Josi Eka Ariyani Kasprianti, Rista Puji Khalikussabir, Khalikussabir Khoirul Anam Khurrotun Nisa’ Krismala Fadrila Kuswatun Hasanah Lailatus Sofiah Laksono, Felicia Averina Laurensia Laras Noviyanti Larisa Dea Chatira Lestari, Siswi Muji Lika Handayani Liskan Kirana Lufi Khomsiatin Nulhaniya Lujeng Indra Prayugi Lukluatul Fadillah M Agus Salim M, Tiara Nur M. Agus Salim M. Fakhry Iskhaq M. Farchan Fuadi M. Hufron M. Khoirul Anwarodin Broto S M. Syaifudin Zuhri M. Umar Izzul Chaq Manis Syahedeh Mar’ah Qonitatillah Masriyani Masriyani Maulidya, Anisa Maya Dewi Suprobo Millaningtyas, Restu Mitra Kartini Moch Kukuh Widyatmoko Mochamad Yuhdi Atoillah Mochammad Handika Setiawan Moh Hairul Anam Moh Lutf Moh Sofiyanto Mohamad Fathanudin Abas Mohammad Arif Efendi Mohammad Faisol Efendi Mohammad Rizal Muallifa Muallifa Mudrikah Mudrikah Muhammad Adam Yusuf MUHAMMAD AGUS SALIM Muhlis Muhlis Mursalina Mursalina Nadirotul Hasanah Nanda Diah Ayu Nurmindasari Naning Adindah Putri Nela Rahayuni Neni Elfina Ngatiningsih, Tuti Khoiriyah Nifta Asfidza Alma Nihayah Saefil Ikhsan Nike Anggita Prima Nilna Izza Amalia Nindi Aulia Riadi Nindy Wulandari Ningrum, Niken Widya Nining Tsamratul Hasanah Nizam, Muhammad Sahrun Noer Fadhilah Rahman Nor Laili Roudotul Janah Nova Istiqomah Nova Suci Indrawati Nur Aniseh Nur Haslinda Nur Kamilah Nur Mahfudh Febriansyah Nuratul Amaliah Nurfarida Nurfarida Nurhidayah Nurhidayah Nurhidayah Nurhidayah Nurhidayah Nurul Afifah Fasbiyanti Nurul Khoirini Nuryanita Rusiah Oktaningrum, Indarti Indah Olla Fathimatuz Zahro Permata Irmin Seriyarini Pipit Larasati Pratista, Ilham Pratiwi, Cantika Puspa Puguh Roni Prastowo Putra, Arif Rahman Surya Putri Ayu Khoriah Putri Dinda Erika Rachman, Fahmia Nur Fitria Rahmawati Rahmawati Ramadhan, Tri Sugiarti Raras Nur Fitiah Ratna Tri Hardaningtyas, Ratna Tri Rawiyatul Hasana Reni Evaluki Rennia Sofi Dia Anugra Heni Rico Adi Suwardianto Rifa Ariana Ningtyas Rif’atul Himmah Rif’atul Inayati Rina Wulan Novianti Risa Dewi Yanti Aceh Risna Faulia Rita Lia Novita Rizalatul Isa Rizka Nur Fittriana Rizky Adhyvian Rohma, Hindun Miftakhur Rosmah Sholichah Rovita Tri Rezeki Safitri Safitri Saiful Anwari Salsabillah, Via Amelya Saraswati, Ety Sembiring, Rinawati Septi Ning Tyas Septia Anggi Saputri Shafaratin Nurul Hasanah Shela Karlina Devi Shilvie Damayanti Lestari Shofi Eka Khairunnisa Silvia Sahara Sindi Ristanti Sinta Mayyukha Sintia Ifadatul Aulia Fatra Sintia Novita Sari Siti Kusmawati Siti Masula Siti Nur Laelatul Rohmah Siti Sara Ilham Siti Suhaebah Siti Uswatun Khasanah SOFIYULLAH SOFIYULLAH Sovi Devianita Sari Sri Puspa Nurhayati Sulton Sholehuddin, Sulton SUTRA Aji NINGTYAS Teddy Kurnia Dwi Anggoro Kusumo D Therito Akbar Firmansyah Ubaid Choiri Ubaidullah Ubaidullah Uswatun Khusnah Vachriyanti, Asma’ul Noer Veni Rikusita Vika Septirini Viqi Hendro Fahtoni Vivi Noviyanti Wahdah Lutfiana Arinta Wahyudi Kurniawan Weni Afrilliansyah Winda Irawati Wiwin Rafida Wajapa Yahsyallah Yenniria Nurhaidah Yeritama, Risma Yogi Adetya Kurniawan Yudi Purnomo Yulitasari Mila Dewi Zahro, Handini Nur Chameli Atuz Zahrotun Nisa Zainul Fikri Zidan, Moh Izzad Kamal Zila Nurdila Hafidzah Zulkarnain Zulkarnain